Here's how it plays.Asking price 6.999mNegotiated sales price 6.7mNegotiated closing date Nov. 30thBuyer wants additional 60k in misc reparations i.e. mold, dry rot, termites, etcWe accept counter but want Oct 31st closing due to the timing of a 1031 exchange app.Stay tuned for the next exciting chapter after our teleconference this morning.

The typical buyer is 1031 exchange, retiree, estate planning, foreign buyer, or ultra high net worth that wants cash flow but safety so will take reduced yield for quality.We stick to strong suburban to urban locations.

Secondly, go to all meet ups in your area and make connections and see if there is a seasoned investor willing to mentor you in exchange for work.

I've seen 1031 exchanges turn over because taxpayers don't follow directions.

Other than that, we exchange pleasantries and I leave them be. 

I look forward to exchanging ideas with each of you -- please do not hesitate to reach out to me if I can be of assistance.

Note - If you are looking to invest the proceeds you could look into a 1031 exchange will defer all Federal taxes to a later date and allow you to purchase another property with the proceeds.The best thing to do in your situation is to do a little research and talk to an accountant.

Head out to one, find an investor doing the type of investing that you also want to focus on, and offer to help them for free with whatever they may need (finding deals, marketing, painting their flip, organization, etc) in exchange for their mentorship throughout your first deal.

I would be more than happy to see if I could somehow add some value to someone near me to bounce ideas off of and simply soak up as much as I can in exchange for whatever I may be able to assist in so that I can start taking action in a dedicated direction.

Unfortunately for reasons I don't want to get into, I couldn't do a 1031 exchange.